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Digital Marketing

🌟 Why NZ Businesses Should Invest in Digital Marketing During Economic Downturns In times of recession and reduced consumer spending, the instinct might be to pull back on marketing expenses. However, historical evidence from around the globe suggests the opposite strategy might actually fuel growth and secure market share. Three cases in point at different moments in history Proctor & Gamble (1929), Lego (2008), Hyundai (2020). 📈 Case in Point: Procter & Gamble During the 1929 Great Depression, Procter & Gamble didn't cut back instead they doubled down on advertising, particularly focusing on radio soap operas. This not only boosted their sales but also solidified their brand presence in households worldwide. 🌐 Lego's Strategy During the 2008 global financial crisis, Lego increased its marketing spend, focusing heavily on digital campaigns. This strategy led to a stunning 63% profit rise, proving that strategic marketing investments during downturns can lead to remarkable growth. 📊 Recent Success: Hyundai In the 2020 downturn triggered by the COVID-19 pandemic, Hyundai launched a series of empathetic and supportive marketing campaigns that reassured customers during uncertain times. By promoting flexible financing options and special services, they not only retained their customer base but also attracted new customers, leading to a significant market share increase. 💡 Digital Marketing: A Goldmine for NZ Businesses In New Zealand, many businesses have yet to fully leverage digital marketing. This presents a unique opportunity to stand out from the crowd. Digital channels offer measurable, targeted, and cost-effective ways to reach consumers directly, even more so when they are spending more time online during economic downturns. 🚀 Opportunity for NZ Businesses For NZ businesses, this is a call to action. The digital landscape is still underutilised here, offering fertile ground for growth. By investing in digital marketing, you can: • Increase online visibility and engagement. • Build lasting relationships with customers. • Drive sales, even when overall spending is down. Investing in digital marketing isn't just about surviving; it's about thriving. Businesses that are visible and engaging with their customers online are the ones that will emerge stronger on the other side of any economic downturn. 🔗 Let's Chat! Are you ready to boost your digital presence and seize market share? Let’s discuss how digital marketing can transform your business during these challenging times. #DigitalMarketing #BusinessStrategy #NewZealandBusiness #RecessionProof

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